House Joint Resolution 2

Introduced House Resolution (H)

DIGEST

Establishes the Indiana bicentennial permanent fund (fund) in the state treasury. Provides that the fund consists of: (1) 50% or such other greater percentage established by law of any general fund budget surplus realized during a state fiscal year; (2) appropriations made to the fund; and (3) other sources designated by law. Provides that income from investment of money in the fund shall be deposited in the state general fund. Provides that the principal of the fund may be used only for those investments specifically designated by law as eligible for investment from the fund.Establishes the Indiana bicentennial permanent fund (fund) in the state treasury. Provides that the fund consists of: (1) 50% or such other greater percentage established by law of any general fund budget surplus realized during a state fiscal year; (2) appropriations made to the fund; and (3) other sources designated by law. Provides that income from investment of money in the fund shall be deposited in the state general fund. Provides that the principal of the fund may be used only for those investments specifically designated by law as eligible for investment from the fund.